Brent, WTI trade above $80 for second straight day on October 13, 2021Crude oil prices continued their rally on Tuesday and traded above $80 per barrel for the second day amid a global shortage in the supply of energy. At 1220 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.04 (+0.05 percent) to reach $83.69 a barrel. Similarly, the US West Texas […]
Vegetables exports witness record increase of 82.88pc on October 13, 2021Exports of vegetables during the first two month of FY 2021-22 grew by 82.88 percent as compared to the exports of the corresponding period of the previous year. During the period from July-Aug 21, vegetables worth $38,276 thousand were exported as compared to the $20,929 thousand of the same period of the previous year. According […]
Global payment industry set to bounce back this year: McKinsey on October 12, 2021The global payments industry posted its first contraction in 11 years in 2020 but is poised to quickly return to its long-term growth trajectory, said a report. According to management consultant company McKinsey and Company’s annual sector report, the sector’s revenue fell 5 percent annually last year to $1.9 trillion, as the pandemic-induced global economic […]
Interventions necessary to revitalise agri sector on October 11, 2021Pakistan Businesses Forum (PBF) Vice President Ahmad Jawad said meaningful macro and micro level interventions by the state have become indispensable to revitalise the agriculture sector, upgrade agriculture systems and increase yields. Talking on Sunday he said the country was expecting to get the wheat production target of more than 30 million bales during 2021-22. […]
Bitcoin reaches $55,259 as market remains mixed on October 11, 2021The cryptocurrency market remained mixed on Sunday, with the market capitalisation losing 0.4 percent to reach $2.4 trillion as of 1325 hours GMT. Bitcoin, the largest cryptocurrency, which hit the highest level since May 12 of $56,100 on Friday last, gained 0.31 percent to reach $55,259. With this increase in price, the market capitalisation of […]
Samsung expects 28pc raise in Q3 profit due to foldable phone sale on October 10, 2021Samsung Electronics said its third-quarter operating profit is expected to increase almost 28 percent from a year ago, its highest in three years, driven by the sale of its new foldable smartphones and surging memory chip prices and demand. The world’s biggest smartphone and memory chip maker reported an operating income of 15.8 trillion Korean […]
No more extension: FBR urges taxpayers to file income tax returns without delay on October 9, 2021The Federal Board of Revenue (FBR) on Friday once again urged all the taxpayers, both old and new, to make the most of a one-time extension of 15 days granted for filing of Income Tax Returns till October 15. The board in a statement issued here, advised that returns should be filed without delay as […]
Gold prices decline by Rs200 to Rs 115,400 per tola on October 8, 2021The price of 24 karat per tola gold decreased by Rs200 and was trade at Rs115,400 on Thursday against its sale at Rs114,600 in the local market the previous day, Karachi Sarafa and Jewellers Group reported. The price of 10 gram 24 karat also decreased by Rs171 and was sold at Rs98,937 against its sale […]
PCGA hails govt approval for TCP intervention as second buyer in cotton market on October 7, 2021Chairman, Pakistan Cotton Ginners Association (PCGA), Suhail Mahmood Haral has lauded the government for allowing Trading Corporation of Pakistan (TCP) to intervene in the cotton market as a second buyer in case of price fall to ensure stability. It would go in favour of farmers and ginners by reducing the impact of the single-buyer-cotton-market that […]
Bitcoin breaches $52,000 mark as cryptos trade mixed on October 7, 2021The cryptocurrency market remained mixed on Wednesday, with the market capitalisation gaining 1.1 percent to reach $2.9 trillion as of 1235 hours GMT. Bitcoin, the largest cryptocurrency, consolidated gains after hitting the crucial psychological threshold of $50,000 for the first time since September 7 a day earlier and its price surged 4.74 percent to reach […]